BRICS Silver Exodus from COMEX: Market Tightening and Price Implications

PumpDetector · 2026-02-27T01:09:03+00:00

The BRICS nations are intensifying silver withdrawals from COMEX, causing supply constraints and price discrepancies with Asia. JP Morgan anticipates a significant price revaluation, reflecting changing dynamics in the silver market and potential instability in COMEX operations.

PumpDetector

2026-02-27 01:09:03

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The precious metals market is witnessing a significant shift as BRICS nations accelerate their physical silver withdrawals from COMEX, creating mounting inventory constraints and widening valuation discrepancies with Asian counterparts. The strategic move is compressing available supplies at a critical juncture when refined silver inventories are already running thin, according to market intelligence from NS3.AI.

BRICS Withdrawals Intensify COMEX Strain

The continuous outflow of physical silver by BRICS economies is reshaping market dynamics, with storage levels declining and delivery pressures building. This coordinated extraction represents more than routine trading activity—it signals deliberate accumulation strategies aimed at reducing Western market exposure and securing strategic reserves. The divergence between COMEX spot prices and Shanghai market valuations has widened considerably, reflecting the structural imbalance in global silver distribution and availability.

JP Morgan Signals Major Price Revaluation Ahead

Financial heavyweight JP Morgan is quietly expanding its silver vaults, betting on substantial price appreciation as physical demand accelerates and refinery production constraints tighten globally. The institution’s latest market assessment projects silver could trade at an average of $81 per ounce throughout 2026—a dramatic shift from 2025’s pricing levels, representing more than a doubling from last year’s valuations. This forecast hints at systemic pressures building across the physical precious metals market.

Analysts warn that mounting BRICS demand coupled with potential delivery squeezes could fundamentally destabilize COMEX operations in the near term, further narrowing the gap between paper and physical silver pricing. The combination of geopolitical accumulation patterns, inventory depletion, and institutional positioning suggests the silver market may be approaching an inflection point.

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